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State Board Report

October 2014

There are now 52 U.S. jurisdictions that have individual mobility based on acknowledging each other’s being substantially equivalent. This means the jurisdictions have adopted a pathway to licensure based on the education, experience and examination requirements as set out in the Uniform Accountancy Act and they are ready to accept out-of-state CPAs without those professionals having to obtain a reciprocal license or register in another state. The latest to move to such mobility was Puerto Rico. Governor Alejandro Garcia Padilla signed the bill into law on August 28, with NASBA President Ken Bishop present for the signing. Puerto Rico still continues to be the only jurisdiction that requires membership in the state CPA society in order for a CPA to perform attest services, but other areas of CPA practice will fall under the mobility guideline of “no notice, no fee, no escape.”

“Having worked for years to bring true mobility to the profession under appropriate regulatory control, I must admit that it feels great seeing 52 jurisdictions operating under substantial equivalency – in harmony at last,” NASBA President Ken L. Bishop said.

Only three U.S. Boards of Accountancy do not have substantially equivalent pathways and mobility legislation in place, Hawaii, the Mariana Islands and Guam. NASBA Director of Legislative and Regulatory Affairs John Johnson reports the Mariana Islands and Guam have mobility legislation ready to be filed in 2015 and he is optimistic that Hawaii will soon follow suit.

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